Sedania As Salam inks partnership with FWD Takaful

FWD Kasih takaful protection for GoHalal Financing Program


KUALA LUMPUR, 3 MARCH 2021 – Sedania As Salam Capital Sdn Bhd (a subsidiary of Sedania Innovator Bhd) has partnered with FWD Takaful Berhad (“FWD Takaful”) to offer takaful protection for their recently launched GoHalal Financing Program.

According to Sedania As Salam’s CEO Nisa Ismail, the partnership is a significant milestone for the Company as the takaful coverage is not merely a value-add to the program but also serve its community purpose as a risk relief tool to safeguard micro businesses and informal workers segments, especially with heightened uncertainties since the pandemic.

We want to ensure that the financial capacities for both the customer and credit community companies will not be affected by unanticipated circumstances,” she added.

Wan Ahmad Najib Wan Ahmad Lotfi, FWD Takaful’s Chief Strategy & Digital Distribution Officer, said, “As a digitally-led takaful provider, we’re very excited to be partnering with Sedania As Salam and leveraging their network to offer easy access to our Takaful protection for the lower-income community in Malaysia. This strategic partnership will bridge the need for personal financing or microcredit with takaful protection via the GoHalal Program ecosystem.

Financing applicants can easily obtain affordable takaful coverage through our micro-Takaful plan - FWD Kasih, beyond the financing tenure to lessen their financial burden due to unforeseen circumstances. This partnership further strengthens our vision of changing the way people feel about takaful, particularly in enhancing protection for the lower-income community,” he added. 

The GoHalal Financing Program serves as a platform to offer Shariah compliant financing by equipping the community credit companies (licensed by Kementerian Perumahan dan Kerajaan Tempatan) with necessary procedures and required tools for their financial offerings. It is an ecosystem that includes Shariah certification process and advisory on Shariah compliant documents, ready-to-use Tawarruq platform that provides real-time 24/7 trading of digital commodities and digital agreements using automated digital akad, secured direct debit e-mandate, takaful protection, digital marketing services and a financial marketplace.

FWD Kasih provides cover from the age of 19 until 60 years old for those with a monthly personal income of less than RM5,000, with a contribution from as low as RM24* per annum. The plan pays the full sum covered upon death due to natural causes and Total and Permanent Disability (TPD), and 200% of the sum covered on death due to accidental causes. In addition, we’ll also provide RM2,500 as Badal Hajj and RM3,000 as the funeral expense to the participants. FWD Kasih offers four (4) plan options to choose from with a sum covered of RM10,000, RM20,000, RM30,000 or RM40,000.

* Terms and conditions apply


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About Sedania As Salam Capital Sdn Bhd

Sedania As Salam Capital Sdn Bhd (SASC), a wholly-owned subsidiary of Sedania Innovator Berhad, is a technology provider that empowers financial institutions with Islamic fintech solutions.

At the core, is As-Sidq, a patented Shariah compliant digital commodity trading platform that facilitates secure, real-time and anytime brokerage of digital commodities for financial institutions’ Tawarruq (commodity murabahah) requirements.

Completing our Islamic fintech ecosystem of solutions, is a collaborative suite of composite banking and finance capabilities that further enable and accelerate financial institutions’ digital readiness.

Log onto the Company’s website at www.sedaniainnovator.com to find out more about technology empowerment.


About FWD Takaful Berhad

FWD Takaful Berhad (“FWD Takaful”) is a Takaful provider in Malaysia that offers family Takaful services. FWD Takaful is licensed under the Islamic Financial Services Act 2013 and is regulated by Bank Negara Malaysia.

It is a Takaful business unit of FWD Group (“FWD”) – which spans Hong Kong & Macau, Thailand, Indonesia, the Philippines, Singapore, Vietnam, Japan and Malaysia; offering life and medical insurance, general insurance, employee benefits, Shariah and family Takaful products across a number of its markets.

FWD is focused on creating fresh customer experiences and making the insurance journey simpler, faster and smoother, with innovative propositions and easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD aims to become a leading pan-Asian insurer that changes the way people feel about insurance.

Established in Asia in 2013 with a trailblazer mentality, FWD is the primary insurance business of investment group, Pacific Century Group.

For more information, please visit fwd.com.my.

Get in touch! Call Us 1300 13 7988